Contributor's Right of Termination Sample Clauses

Contributor's Right of Termination. If Acquiror shall elect, under any or all of Subparagraphs 5(e), 6(e), 9(d), 10, 15(c) and 24(b) hereof, to delete and eliminate from this Agreement two (2) or more Projects (each such deleted Project, a "DELETED PROJECT") which, in the aggregate, represent more than fifteen percent (15%) of the total aggregate gross rental income of all of the Projects originally contemplated to be conveyed and acquired (on the Closing Date) under this Agreement (determined as of the Contract Date), then Contributor shall have the right, exercisable by written notice to Acquiror ("CONTRIBUTOR'S TERMINATION NOTICE"), within five (5) business days after the date on which Acquiror delivers its notice of deletion, to terminate this Agreement in its entirety, whereupon the Earnxxx Xxxey, together with all (if any) interest thereon, shall be immediately refunded to Acquiror and the parties shall have no further obligations hereunder, except as specifically provided in this Agreement to the contrary. Upon its receipt of a Contributor's Termination Notice, Acquiror shall have the right, exercisable by written notice to Contributor ("REINSTATEMENT NOTICE"), given within five (5) business days after its receipt of such Contributor's Termination Notice, to reinstate this Agreement by withdrawing its prior deletion of one or more Projects sufficient in size to reduce the aggregate square footage of Deleted Projects to a number which results in an aggregate deletion of fifteen percent (15%) or less of the total aggregate gross rental income of all of the Projects originally contemplated by this Agreement. Upon the delivery of such Reinstatement Notice, Contributor's Termination Notice shall be rendered null and void, and the parties shall proceed to close on all non-deleted Projects as herein provided, subject to an extension of the Closing Date, on a day-for-day basis, equal to the number of days that elapse between the delivery of Contributor's Termination Notice and the delivery of Acquiror's Reinstatement Notice.
Sample 1
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Related to Contributor's Right of Termination

  • Right of Termination This Agreement may be terminated at any time at or prior to the Closing:

  • Waiver of Termination Right Landlord and Tenant agree that the foregoing provisions of this Paragraph 20 are to govern their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter in force which provide remedies for damage or destruction of leased premises (including, without limitation, to the extent the Premises are located in California, the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 and any successor statute or laws of a similar nature).

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Waiver of Termination Rights The Employee waives any and all rights to compensation or damages as a result of a Termination, insofar as those rights result or may result from: (a) the loss or diminution in value of such rights or entitlements under the Program; or (b) the Employee ceasing to have rights, or ceasing to be entitled to any Awards under the Program as a result of such Termination.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • Survival; Termination The representations, warranties, and covenants of the respective parties shall survive the Closing Date and the consummation of the transactions herein contemplated for a period of two years.

  • LESSOR'S RIGHT TO PERFORM If Lessee fails to make any payment required to be made by it hereunder or fails to perform or comply with any of its other agreements contained herein, Lessor may itself make such payment or perform or comply with such agreement, after giving not less than five Business Days' prior notice thereof to Lessee (except in the event that an Indenture Default resulting from a Lease Default or a Lease Event of Default shall have occurred and be continuing, in which event Lessor may effect such payment, performance or compliance to the extent necessary to cure such Indenture Default with notice given concurrently with such payment, performance or compliance), but shall not be obligated hereunder to do so, and the amount of such payment and of the reasonable expenses of Lessor incurred in connection with such payment or the performance of or compliance with such agreement, as the case may be, together with interest thereon at the Late Rate from such date of payment, to the extent permitted by applicable law, shad be deemed to be Supplemental Rent, payable by Lessee to Lessor on demand.

  • Licensee’s Right to Terminate Licensee may, at its option, without prejudice to any other remedies it may have, terminate this agreement by giving written notice of such termination to Licensor as follows: (a) immediately, in the event that Licensor abandons the Licensed Marks or otherwise ceases to support the Licensed Marks in Licensor's business; or (b) immediately in the event of the occurrence of a Bankruptcy with respect to Licensor; or (c) immediately in the event of an occurrence of termination pursuant to Section 13.2(d).

  • Survival of Termination The provisions of Sections 1.7, 1.8, 3.1, 3.2, 5.4, 5.5, 5.6, 5.7, 5.10 and 5.13 shall survive any termination of this Agreement.

  • Landlord’s Right to Terminate Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction:

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